What is the price of the stock today

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A7X Corp. just paid a dividend of $1.40 per share. The dividends are expected to grow at 17 percent for the next eight years and then level off to a growth rate of 5 percent indefinitely. If the required return is 12 percent, what is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131060842

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